Local markets remained fairly buoyant in Thursday trade, as a number of stocks posted healthy gains after releasing their full-year results.
Once again there were more gains at the smaller end of town as the microcap Emerging Companies index rose by another 0.73%.
The ASX 200 traded flat before sneaking into positive territory, up 0.05% on the day.
TODAY’S BIGGEST WINNERS
Scroll or swipe to reveal table. Click headings to sort.
Stocks highlighted in yellow rose after making announcements during intraday trade.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| CNR | Cannon Resources | 0.3 | 50.0% | 8,378,600 |
| CLZ | Classic Min Ltd | 0.0015 | 50.0% | 61,324,148 |
| AJX | Alexium Int Group | 0.097 | 34.7% | 16,355,484 |
| ADA | Adacel Technologies | 1.375 | 33.5% | 1,681,653 |
| PCL | Pancontinental Oil | 0.002 | 33.3% | 1,050,000 |
| TSC | Twenty Seven Co. Ltd | 0.004 | 33.3% | 1,045,019 |
| ARC | Aust Rural Cap Ltd | 0.595 | 32.2% | 260,127 |
| SOR | Strategic Elements | 0.4 | 27.0% | 17,148,669 |
| ADV | Ardiden Ltd | 0.015 | 25.0% | 81,541,604 |
| AFR | African Energy Res | 0.025 | 25.0% | 1,994,574 |
| CCE | Carnegie Cln Energy | 0.0025 | 25.0% | 6,273,173 |
| GGX | Gas2Grid Limited | 0.0025 | 25.0% | 2,300,000 |
| POW | Protean Energy Ltd | 0.01 | 25.0% | 16,961,449 |
| CHR | Charger Metals | 0.71 | 24.6% | 9,131,873 |
| STM | Sunstone Metals Ltd | 0.027 | 22.7% | 64,490,141 |
| RSH | Respiri Limited | 0.08 | 21.2% | 1,811,969 |
| RLC | Reedy Lagoon Corp. | 0.023 | 21.1% | 25,181,363 |
| AVL | Aust Vanadium Ltd | 0.03 | 20.0% | 42,864,913 |
| CLE | Cyclone Metals | 0.006 | 20.0% | 37,273,962 |
| DCX | Discovex Res Ltd | 0.006 | 20.0% | 341,666 |
Among stocks with news, ASX debutante Cannon Resources (ASX:CNR) led the pack after making a strong start to listed life today.
The nickel play, which was spun out of Rox Resources (ASX:ROX), raised $6m from investors at 20c and climbed to 30c for a day one gain of 50%.
Elsewhere, the two technology stocks that caught the market’s attention this morning — air traffic control software company Adacel (ASX:ADA) and mattress tech company Alexium (ASX:AJX) both held their gains after reporting strong full-year updates.
And investment group Australian Rural Capital (ASX:ARC) rose more than 30% after flagging it had taken a 40% stake in Merewether Capital Management, a new fund set for launch this year that will be run by former Oracle stock picker Luke Winchester.
Stocks highlighted in yellow rose after making announcements during intraday trade.
TODAY’S BIGGEST LOSERS
Scroll or swipe to reveal table. Click headings to sort.
Stocks highlighted in yellow rose after making announcements during intraday trade.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.001 | -33.3% | 7,150 |
| NPM | Newpeak Metals | 0.0015 | -25.0% | 6,392,525 |
| OEX | Oilex Ltd | 0.003 | -25.0% | 7,500,746 |
| T3D | 333D Limited | 0.0015 | -25.0% | 4,546,009 |
| XTC | Xantippe Res Ltd | 0.0015 | -25.0% | 850,000 |
| PGY | Pilot Energy Ltd | 0.064 | -22.0% | 37,108,643 |
| XST | Xstate Resources | 0.004 | -20.0% | 4,916,971 |
| ENV | Enova Mining Limited | 0.025 | -16.7% | 140,434 |
| IPB | IPB Petroleum Ltd | 0.017 | -15.0% | 1,922,091 |
| NTL | New Talisman Gold | 0.003 | -14.3% | 3,000,000 |
| KLR | Kaili Resources Ltd | 0.025 | -13.8% | 10,000 |
| JAL | Jameson Resources | 0.095 | -13.6% | 40,000 |
| ACB | A-Cap Energy Ltd | 0.052 | -13.3% | 92,618 |
| KP2 | Kore Potash PLC | 0.014 | -12.5% | 551,333 |
| ANP | Antisense Therapeutics | 0.175 | -12.5% | 5,532,970 |
ANNOUNCEMENTS YOU MAY’VE MISSED
Canberra’s lockdown has forced Aquis Entertainment (ASX:AQS) to close its doors and stand down its employees. Its peer in Cairns however, Reef Casino (ASX:RCT), told shareholders it re-opened its doors yesterday evening following the end of lockdown up there.
Lifestyle Communities (ASX:LIC) signed a contract to purchase a site on Phillip Island. It expects to begin building 270 homes from mid-2022 onward, taking its portfolio to over 5,000 – including sites in planning, development or under management.
Fund manager Perpetual (ASX:PPT) has snapped up wealth advisory firm Jacaranda Financial Planning. Jacaranda has 24 staff and $915 million in funds under advice, a figure that has consistently grown by over $100 million a year in the last five years.
Myer (ASX:MYR) provided shareholders its FY21 results, which saw sales up 5.5% to $2.658 billion and a net profit of between $47 and $50 million compared to a $11.3 million loss in FY20. The company warned that its results were negatively impacted by state lockdowns and associated store closures.
Just a week after listing rock oyster company East 33 (ASX:E33) reaffirmed its guidance for FY22. It is tipping earnings before tax of $7.59 million even with the current operating conditions in NSW.
Redhill Education (ASX:RDH) and iCollege (ASX:ICT) finally came to terms on a proposed merger which the pair say will create one of the largest education companies listed on the ASX. Redhill also gave a trading update, telling shareholders its revenues for FY21 were $43.5 million, within guidance.
Still with edtechs and Janison (ASX:JAN) also gave an update declaring FY21 was the most successful year on record. The company grew its Group Operating Revenue by 38% to $30 million, its earnings by 23% to $3 million and cash on hand by 109% to $23 million.
TRADING HALTS
The following companies are in trading halts and are expected out in the next two trading days:
Friday
Magnum Mining and Exploration (ASX:MGU) – offtake agreement
Duketon Mining (ASX:DKM) – exploration results
Monday
Creso Pharma (ASX:CPH) – Health Canada license
Galan Lithium (ASX:GLN) – capital raising
Dimerix (ASX:DXB) – capital raising
Alexium (ASX:AJX) – sales update clarification